Laurin Blumenthal Kleiman

Aug 10, 2023 | lexology.com | W. Hardy Callcott |Jay G. Baris |James Brigagliano |Benson R. Cohen |Ranah Esmaili |Nathan J. Greene | +3 more

On July 26, 2023, the U.S. Securities and Exchange Commission (SEC or Commission) proposed new rules for broker-dealers (Proposed Rule 15(1)-2) and investment advisers (Proposed Rule 211(h)(2)-4) on the use of predictive data analytics (PDA) and PDA-like technologies in any interactions with investors.1 However, as discussed below, the scope of a “covered technology” subject to the rules is much broader than what most observers would consider to constitute predictive data analytics.

Aug 8, 2023 | lexology.com | W. Hardy Callcott |Jay G. Baris |James Brigagliano |Benson R. Cohen |Ranah Esmaili |Nathan J. Greene | +2 more

On July 26, 2023, the U.S. Securities and Exchange Commission (SEC or Commission) proposed new rules for broker-dealers (Proposed Rule 15(1)-2) and investment advisers (Proposed Rule 211(h)(2)-4) on the use of predictive data analytics (PDA) and PDA-like technologies in any interactions with investors.1 However, as discussed below, the scope of a “covered technology” subject to the rules is much broader than what most observers would consider to constitute predictive data analytics.

May 25, 2023 | lexology.com | Chuck Daly |Ranah Esmaili |Laurin Blumenthal Kleiman |Victoria A. Anglin

On May 3, 2023, the U.S. Securities and Exchange Commission (SEC) voted to adopt amendments to Form PF (Amendments), the confidential reporting form filed by certain SEC-registered investment advisers to private funds. The Amendments significantly expand the reporting obligations of affected advisers, including new requirements to report the occurrence of certain triggering events in a truncated timeframe.

Feb 21, 2023 | lexology.com | Jay G. Baris |Laurin Blumenthal Kleiman |Lilya Tessler |David E Teitelbaum |Ranah Esmaili |Chuck Daly | +1 more

By a 4-1 vote, the U.S. Securities and Exchange Commission (the Commission) on February 15, 2023, proposed sweeping revisions to the rule under the Investment Advisers Act of 1940, as amended (the Advisers Act) that addresses custody of client assets by registered investment advisers.